International standards of the reporting, foreign systems of accounting and reporting, advantage, shortcomings

The goal of the article lies in generalization and systematization of the most important problems and prospects associated with the integration of the Russian system of accounting and reporting to international standards. The plan of the Ministry of Finance on the development of accounting provides for the conversion of Russian accounting regulations in accordance with International financial reporting standards. In this regard, of particular urgency is the study of contemporary problems and perspectives of the ratio of domestic systems and international accounting standards as private and public (state) sectors. The article analyzes the problems and prospects of change of the above ratio in the future. This will focus on the most common accounting standards - the standards of the private sector.